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Published on 10/12/2019 5:30:11 PM | Source: HDFC Securities Ltd

Market Quote by Mr. Nagaraj Shetti, HDFC securities 10 December 2019

Posted in Market Outlook| #Market Outlook #HDFC Securities

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Below is the Views On daily markets note by Mr. Nagaraj Shetti – Technical & Derivative Analyst, HDFC securities

 

After the formation of doji type candle pattern in the last session, the Nifty slipped into a sharp weakness today and closed lower. A long negative candle was formed today, that has placed at the next lower support of 11850-800 levels. But, the overall chart pattern indicates that the present support is likely to be broken lower in the near term.    

A decisive move below the support of 11800 levels could open the next downside target of around 11650 levels in the near term.

 

HDFC Securities Limited (HSL) is a SEBI Registered Research Analyst having registration no. INH000002475

 

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